Nancy

Nancy is 63-years-old and lives in the south of the city. She is separated from her husband and must generate sufficient income for her household. In 1983, she decided to pursue selling merchandise to support the well-being of her five children now between the ages of 28 and 39 years. With this business, she has been able to move forward with her immediate family selling sheets, comforters, and clothing to her clients’ orders, offering each a payment plan tailored to their needs. 100% of her sales are made on credit in two weeks cycles working from 8 am to 4 pm. She is currently applying for a Kiva loan, her first through the Fundación Mario Santo Domingo, to buy women's clothing and bedclothes. With this investment, she projects that her business will expand its selection and she can effectively implement her customers’ orders.

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.